Vivendi profits up, sees no impact from crisis

Reuters Staff

1 Min Read

PARIS, Nov 16 (Reuters) - Telecoms and entertainment group Vivendi said on Wednesday it had yet to see an impact from the current economic gloom on its business as it posted higher 9-months profits, driven by fast-growing demand in Brazil and in its video games business.

Chief Executive Jean-Bernard Levy told Le Figaro newspaper that plans to buy the 20 percent stake held by media group Lagardere in pay-TV unit Canal Plus were no longer on Vivendi’s agenda.